SOLFIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SOLFIN
Largest movements
- Cash +€47,293
up €47,293 (+248%), from €19,038 to €66,331
mainly Net result for the year (+€48,587) and Depreciation (+€21,196)
- Tangible fixed assets -€19,485
down €19,485 (-27.7%), from €70,290 to €50,805
of which Furniture and vehicles: -€13,104
- Receivables within one year -€14,364
down €14,364 (-65.5%), from €21,918 to €7,554
of which Other amounts receivable: -€9,245
- Profit (loss) carried forward +€48,587
up €48,587 (+1.6%), from -€3.0m to -€3.0m
- Other debts -€24,270
down €24,270 (-9.3%), from €260,352 to €236,082
- Debts after one year -€9,743
down €9,743 (-26.4%), from €36,873 to €27,129
- Depreciation +€4,937
up €4,937 (+30.4%), from €16,259 to €21,196
- Gross operating margin +€3,044
up €3,044 (+8.1%), from €37,468 to €40,512
- Financial charges +€945
up €945 (+68.4%), from €1,382 to €2,327
- Taxes -€563
down €563 (-9.1%), from €6,202 to €5,640
- Other operating charges -€478
down €478 (-14.8%), from €3,240 to €2,762
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,953 | €519,649 | +€13,696 | +2.7% |
| Fixed assets | 21/28 | €460,710 | €441,225 | -€19,485 | -4.2% |
| Tangible fixed assets | 22/27 | €70,290 | €50,805 | -€19,485 | -27.7% |
| Land and buildings | 22 | €225 | €214 | -€11 | -4.8% |
| Plant, machinery and equipment | 23 | €14,564 | €8,193 | -€6,371 | -43.7% |
| Furniture and vehicles | 24 | €55,500 | €42,397 | -€13,104 | -23.6% |
| Financial fixed assets | 28 | €390,420 | €390,420 | = | 0.0% |
| Current assets | 29/58 | €45,243 | €78,425 | +€33,181 | +73.3% |
| Amounts receivable within one year | 40/41 | €21,918 | €7,554 | -€14,364 | -65.5% |
| Trade receivables | 40 | €5,119 | - | -€5,119 | |
| Other amounts receivable | 41 | €16,799 | €7,554 | -€9,245 | -55.0% |
| Cash at bank and in hand | 54/58 | €19,038 | €66,331 | +€47,293 | +248% |
| Deferred charges and accrued income | 490/1 | €4,287 | €4,540 | +€252 | +5.9% |
| Total equity and liabilities | 10/49 | €505,953 | €519,649 | +€13,696 | +2.7% |
| Equity | 10/15 | €194,291 | €242,878 | +€48,587 | +25.0% |
| Contributions | 10/11 | €3,170,731 | €3,170,731 | = | 0.0% |
| Capital | 10 | €3,170,731 | €3,170,731 | = | 0.0% |
| Issued capital | 100 | €3,170,731 | €3,170,731 | = | 0.0% |
| Reserves | 13 | €52,500 | €52,500 | = | 0.0% |
| Distributable reserves | 133 | €52,500 | €52,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,028,940 | -€2,980,353 | +€48,587 | +1.6% |
| Amounts payable | 17/49 | €311,662 | €276,771 | -€34,891 | -11.2% |
| Amounts payable after more than one year | 17 | €36,873 | €27,129 | -€9,743 | -26.4% |
| Financial debts | 170/4 | €36,873 | €27,129 | -€9,743 | -26.4% |
| Amounts payable within one year | 42/48 | €274,790 | €249,642 | -€25,148 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €9,346 | €9,743 | +€397 | +4.2% |
| Financial debts | 43 | €4,918 | €3,816 | -€1,101 | -22.4% |
| Credit institutions | 430/8 | €4,918 | €3,816 | -€1,101 | -22.4% |
| Trade debts | 44 | €174 | - | -€174 | |
| Suppliers | 440/4 | €174 | - | -€174 | |
| Other amounts payable | 47/48 | €260,352 | €236,082 | -€24,270 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,259 | €21,196 | +€4,937 | +30.4% |
| Other operating charges | 640/8 | €3,240 | €2,762 | -€478 | -14.8% |
| Gross operating margin | 9900 | €37,468 | €40,512 | +€3,044 | +8.1% |
| Operating profit (loss) | 9901 | €17,968 | €16,554 | -€1,414 | -7.9% |
| Financial income | 75/76B | €40,324 | €40,000 | -€324 | -0.8% |
| Recurring financial income | 75 | €40,324 | €40,000 | -€324 | -0.8% |
| Financial charges | 65/66B | €1,382 | €2,327 | +€945 | +68.4% |
| Recurring financial charges | 65 | €1,382 | €2,327 | +€945 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €56,910 | €54,227 | -€2,684 | -4.7% |
| Income taxes | 67/77 | €6,202 | €5,640 | -€563 | -9.1% |
| Profit (loss) for the period | 9904 | €50,708 | €48,587 | -€2,121 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,708 | €48,587 | -€2,121 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.